The First blockchain-based phone will be exposed at the CES 2020 where a new decade of electronic inventions will be presented so let’s find out more about the phone in our latest blockchain news.
As 2020 arrived, the world officially entered a new decade and we are all expecting new technological inventions but there will be threats as well. Hackers and other criminals are lurking on the internet creating new malware, viruses and other threats constantly getting more sophisticated. In the meantime, the number of internet users is increasing which makes more people vulnerable to these threats.
Some analysis show that about 8 out of 10 internet users that feel vulnerable while online and claim that they have no control over their data. The security researchers managed to convince the authorities about the potential dangers and the reality of these threats although a few preventive steps are taken to mitigate the threats which are yet to bring any major impact. This is where the blockchain technology will come handy, promising a real method of increasing security for the first time in years. The number of mobile users is also increasing since there was even a major demand for blockchain-based phones. There were a few attempts to make them in the past but failed because of the lack of interest, trust, and awareness.
This is why Consumer Electronics Show 2020 is expected to be a huge game-changer since they will introduce the first blockchain-based phone called Blok on Blok or BOB. BOB is a product that was created by the PundiX company in Singapore. The phone was known as the XPhone and it was presented during the Bali Blockchain Summit in 2018. The company then rebranded and perfected the phone thus ensuring the users’ privacy with the help of the new operating system. The system ensures that every text, call or other action is made online through a decentralized browser.
In the meantime, each BOB phone will act as a node which will eliminate the need for a centralized service and the more BOBs are produced, the bigger the network, the stronger the decentralization will be. PundiX and the co-founder Zac Cheah stated that the goal is to make sure that the users’ data will belong to the users themselves but that the users have to be more careful with their information.
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Stefan has been writing articles for DCForecasts since 2016 in-house full time. As one of our main cryptocurrency writers, he focuses on covering the latest cryptocurrency news, technical charts, price analyses of coins and press releases. When he is not exploring and covering the latest topics in crypto, you can find Stefan playing basketball, tennis or cycling.
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